BidaskClub downgraded shares of Qualys (NASDAQ:QLYS) from a buy rating to a hold rating in a report published on Thursday, September 20th.

A number of other equities research analysts have also commented on the company. First Analysis set a $112.00 price target on Qualys and gave the company a buy rating in a research report on Monday, September 10th. ValuEngine lowered Qualys from a strong-buy rating to a buy rating in a research report on Tuesday, September 4th. Susquehanna Bancshares upped their price target on Qualys from $65.00 to $76.00 and gave the company a neutral rating in a research report on Wednesday, August 1st. Morgan Stanley upped their price target on Qualys from $81.00 to $82.00 and gave the company an equal weight rating in a research report on Wednesday, August 1st. Finally, Royal Bank of Canada upped their price target on Qualys to $90.00 and gave the company a positive rating in a research report on Wednesday, August 1st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $85.07.

QLYS stock traded up $2.86 during midday trading on Thursday, reaching $73.56. 413,971 shares of the stock were exchanged, compared to its average volume of 326,602. The firm has a market capitalization of $3.47 billion, a P/E ratio of 81.73 and a beta of 1.13. Qualys has a 52 week low of $50.35 and a 52 week high of $98.30.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, July 31st. The software maker reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. Qualys had a return on equity of 12.70% and a net margin of 12.04%. The business had revenue of $68.15 million for the quarter, compared to analyst estimates of $67.13 million. On average, sell-side analysts anticipate that Qualys will post 0.85 earnings per share for the current fiscal year.

In related news, VP Bruce K. Posey sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $88.49, for a total transaction of $176,980.00. Following the transaction, the vice president now directly owns 37,548 shares of the company’s stock, valued at approximately $3,322,622.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sumedh S. Thakar sold 3,825 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $75.73, for a total value of $289,667.25. Following the transaction, the insider now directly owns 162,227 shares in the company, valued at $12,285,450.71. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 294,641 shares of company stock worth $25,564,932. 18.60% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. We Are One Seven LLC purchased a new stake in shares of Qualys in the third quarter worth approximately $239,000. Fox Run Management L.L.C. purchased a new stake in shares of Qualys in the third quarter worth approximately $473,000. Northern Trust Corp raised its stake in shares of Qualys by 5.1% in the second quarter. Northern Trust Corp now owns 451,801 shares of the software maker’s stock worth $38,086,000 after purchasing an additional 22,051 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Qualys by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 400,980 shares of the software maker’s stock worth $33,803,000 after purchasing an additional 17,857 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of Qualys by 342.3% in the second quarter. Advisors Asset Management Inc. now owns 20,488 shares of the software maker’s stock worth $1,727,000 after purchasing an additional 15,856 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

About Qualys

Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures; help protect information technology systems and applications from cyber attacks; and achieve compliance with internal policies and external regulations.

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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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